Owning a small business is the goal of millions of people across the country. There are so many different small businesses out there these days, some with one employee and others with a handful of employees. Whatever industry your small business is in, it should work hand-in-hand with a business attorney. Here are the reasons why this is a smart partnership.
A business attorney can help your business run smoothly and even avoid possible litigation from former employees. For example, maybe a former employee has decided to file a lawsuit based on wrongful termination. Another area of litigation occurs when applicants are not hired and they file discrimination suits. Or, maybe an employee is suing due to a hostile work environment. These are all issues a business attorney can handle for you, reducing your stress and allowing you to focus on running the business on a daily basis.
A business attorney can also help you sort through issues pertaining to local, state or federal entities that have opened investigations into your business for violations of laws. This is definitely not a situation you should handle on your own. It can get very tricky and a business attorney will know the law better than anyone else within your organization.
If you plan to sell your company or acquire another company, a business attorney is a great asset to have on your side. The attorney will be able to draft contracts, review a contract and help ensure that your company's assets are protected.
Do you own a small business? If so, partnering with a business law attorney can make all the difference when it comes to reviewing contracts and buy-sell agreements, forming partnerships and much more in Morristown, New Jersey.
Source: Findlaw, "When Do I Need a Business Lawyer for My Small Business?," accessed Oct. 19, 2017